if so - are you wanting to borrow just  enough to pay off the loan and cover refi costs  or  are you wanting to pull out more funds over and above the loan balance ? 

Eventually the borrower signed the cancellation and new mortgage, with a big reduction in his loan balance, and we got through it.

It’s a balancing act for them, and time will tell if this shift adds genuine value for hosts or just distracts from core issues that need fixing.What would make the most sense is if Airbnb uses Experiences to enhance the guest journey while still keeping the focus on the quality of the core stay.

Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success

I'm always looking for ideas on how to balance functionality with aesthetics in open spaces but I'm curious,how did you decide on the design flow between the kitchen, living room, and dining area? 

@Joe Si With a $10M net worth and the goal of early retirement, a balanced allocation could be 40-50% stocks for growth, 25-35% real estate for stable income and appreciation, and 20-25% fixed income (bonds) for security. 

While it may seem challenging to find a balance between economic growth and affordability, start by researching neighborhoods with potential for cash flow.

Not saying any of your statements are false but providing some balance- are markets at all time highest percent cash flow negative?

Particularly on larger balance CRE (Commercial Real Estate) this rate improvements can lead to a dramatic increase in activity and investability. 

Rather, if you are going to succeed in this space, you need to have an idea of what value you bring to others and, when looking for partners, seek out partners that help balance out those values.